Strategy in a recession - stakeholders & cutting labour costs
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During the recent recession in the UK, many firms looked to reduce their operating costs by implementing short-time working, overtime bans and temporary cuts in production capacity. What were the stakeholder implications of this? A key issue was what effect these actions had on employer/employee relations, and I came across this neat 4 minute video which addresses the issue. In the video, the General Secretary of the TUC discusses how trade unions felt about labour cost-minimisation strategies. Some good points for students to pick up in here:
View video interview with Brendan Barber (TUC) [source BBC Daily Politics]
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